Major Currencies’ Midday Report 05/ August /2010

by ecPulse.com | August 5, 2010 12:05 pm
EURUSDThe pair is moving according to our morning suggested scenario nearing the initial key target at 1.3250; therefore, we maintain our morning expectations intact as long as stability is above 1.3110.

Moving Average Crosses – Dollar May Slide Further

by bforex.com | August 5, 2010 9:04 am
USDCAD: The CAD had finally crossed below important Resistance at the 100 day moving average. In addition, the 50 day moving average just crossed back below the 200 day MA providing extra momentum for price appreciation. Yesterday’s...

Major Currencies’ Morning Report 05/ August /2010

by ecPulse.com | August 5, 2010 6:30 am
EURUSDAfter the 76.4% Fibonacci level showed a strong stance in front of the pair’s upside movement, the pair descended to near support for the bullish channel that organizes the correction trend that has started near the bottom at...

Major Currencies’ Midday Report 04/ August /2010

by ecPulse.com | August 4, 2010 11:47 am
EURUSDThe pair since this morning has been trading on a negative slant, although 1.3185 stands as a barrier stopping the pair from moving to the downside; keeping in mind that Stochastic is gradually unloading the negative momentum....

Commodity Currency Update

by bforex.com | August 4, 2010 7:13 am
USDCAD: This has been a volatile pair to watch because it is trading in between the major moving averages. However, for the near term the CAD has now finally retaken the 100 day moving average. Additionally, the...

Major Currencies’ Morning Report 04/ August /2010

by ecPulse.com | August 4, 2010 6:44 am
EURUSDThe pair is finding difficulty building a base above 1.3250 due to the negative effect of momentum indicators appearing on the four-hour chart, currently close to touching minor support around 1.3185. We expect the pair to build...

Major Currencies’ Midday Report 03/ August /2010

by ecPulse.com | August 3, 2010 11:59 am
EURUSDThe pair built a base on 1.3145 and rushed towards the pivotal resistance at 1.3250 – 76.4% Fibonacci-. More bullish intraday movement is expected, where we may witness some fluctuation around the mentioned level due to the...

Major Currencies’ Morning Report 03/ August /2010

by ecPulse.com | August 3, 2010 6:22 am
EURUSDThe pair extended its rise within the short-term ascending channel while finding difficulties in surpassing 1.3190 levels affected by the negative sings from the momentum indicator, slight downside correction might take the pair to 1.3105 before rising...

Major Currencies’ Midday Report 02/ August /2010

by ecPulse.com | August 2, 2010 11:36 am
EURUSDThe EUR/USD pair ascended since this morning, despite the clear overbought signs from the momentum indicators. We are waiting for the pair to touch the 1.2990 levels before completing its intraday bullish direction, where stability above those...

Resistance Tested

by bforex.com | August 2, 2010 8:06 am
USDJPY: The JPY is clearly trending down as it makes lower highs and and lower lows (known as a Step Pattern). However, strong Resistance sits at 86.34, exactly where the JPY closed on Friday. The two long...